Ladaris has two jobs. She earned $120,000 from her first job and $10,000 from her second job. How much total FICA taxes will Ladaris have withheld from her wages from working two jobs?

Question

Quizplus · Accepted Answer

To calculate the total FICA taxes withheld, we need to find the Social Security and Medicare taxes withheld from both jobs separately and then add them up.

For the first job:
- Social Security tax = $120,000 x 0.062 = $7,440
- Medicare tax = $120,000 x 0.0145 = $1,740

For the second job:
- Social Security tax = $10,000 x 0.062 = $620
- Medicare tax = $10,000 x 0.0145 = $145

Total FICA taxes withheld = $7,440 + $1,740 + $620 + $145 = $9,945

Therefore, the best answer choice is D) $9,945.00.

Ladaris Has Two Jobs